Canada's population rose by 276,325 (seasonally adjusted) in 2024 Q2, Statistics Canada reported this morning. The reported contribution to the increase by non-permanent residents remained high, but was substantially less than in 2024 Q1. #cdnecon

Such an interesting chart from Jim Reid at Deutsche Bank putting a line from Mario Draghi's report on Europe's competitiveness into the chart form - the top 25 US and EU companies by market size and the year when the company was established

Excellent. Whether you call it a Koo-style "balance sheet recession" or something else, the reality is that household psychology has taken a serious and lasting blow. Pushing on the interest rate string won't succeed in the absence of other, more fundamental structural reforms.

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Bird on the street is that the carrier pigeons are next.

KMkatie0martin.bsky.socialSep 18, 2024 2:59pm

Incredible. It's the walkie-talkies today, it seems on.ft.com/4etcgCJ

More Hizbollah devices explode in Lebanon

[FREE TO READ] Fresh explosions, including in Beirut, follow assault that killed 12 and wounded thousands

this is like how you can buy beer in packs of 8 and 15 in addition to 6 and 12 in canada

Because this is not understood, there’s also no mention of India’s biggest challenge, which remains female illiteracy. India won’t converge towards rich countries per capita GDP - like Korea or Taiwan have done - when so many women can’t participate in the labour force

Will do - looking forward to it confirming a long-held belief that the modern British FX industry is essentially an evolved bookmaking operation (one that has acquired a thin veneer of respectability).

It’s rational to think that we’re now reverting to normal cyclical dynamics, but credit imbalances remain (bafflingly) low, suggesting that it’s still early in the next one. Purgatory for a while yet?

Just ordered: Art of Legging: History, Theory and Practice of Bookmaking on the English Turf books.google.ca/books/about/...